How Sh1.115 trillion Islamic bonds will fund 12 key Zanzibar projects

The Minister of State in the President’s Office-Finance and Planning, Dr Saada Mkuya, speaks during the launch of the investment registration for the Islamic bond, famously known as Sukuk Bonds, in Zanzibar. The event, held in Unguja on Saturday, March 8, 2025, revealed that Sh1.115 trillion would be allocated to fund 12 key projects in the Isles. PHOTO | JESSE MIKOFU

By  Jesse Mikofu

What you need to know:

  • The Sukuk initiative, officially launched on February 22, 2025, started its registration process on March 8, 2025, and will remain open for subscription until April 6, 2025. 

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